Cathie Wood Cuts AMD Holding, Adds Nvidia as AI Trade Reorders
On Aug. 28, Cathie Wood’s ARK sold about $72.8 million of AMD (156,286 shares) and bought about $53.0 million of Nvidia (243,707 shares). Other managers also adjusted positions, including Marshall Wace adding AMD and Fisher adding Nvidia. AMD’s revenue rose 50% and data-center revenue 107%, yet it still must win durable share gains versus a faster-setting rival. Short interest totaled 40.1 million shares, 2.47% of the float.